Hostelworld.com sold to US firm

Updated: 15:13, Friday, 13 November 2009

A Dublin-based company behind Hostelworld.com has been bought by a US private investment firm.

1 of 1Web Reservations International - Sold to US firm
Web Reservations International - Sold to US firm

A Dublin-based company behind Hostelworld.com has been bought by a US private investment firm.

Web Reservations International, founded 10 years ago, sold €350m of accommodation online last year.

It employs 93 people and also operates the www.hostels.com and www.boo.com websites.

It is being bought by US private equity firm Hellman and Friedman for an undisclosed sum.

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